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Medical Display Market: Market Trends and Revenue Forecast 2024-2032
The Medical Display Market was valued at USD 2.32 billion in 2023 and is projected to reach USD 3.53 billion by 2031, growing at a CAGR of 5.4% during the forecast period 2024–2031.
This significant growth underscores the increasing demand for high-performance imaging systems in modern healthcare environments, driven by the expanding role of digital diagnostics and minimally invasive procedures.
Medical displays—specially designed monitors for healthcare applications—are crucial in providing accurate image visualization for procedures such as radiology, diagnostics, surgery, and clinical review. As the Medical Display Market Size continues to attract global attention, innovations in display technologies such as OLED, high-resolution LCDs, and hybrid operating rooms are playing a pivotal role in market expansion.
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Key Players
- Barco NV (Nio Gray 5.8 MP, MDSC-8532 4K UHD Display)
- EIZO Corporation (RadiForce RX660, RadiForce GX560)
- Sony Electronics Inc. (LMD-X550MT 4K 3D Display, PVM-2551MD OLED Monitor)
- LG Electronics (32HL512D-B 4K Surgical Monitor, 27HJ712C-W Clinical Review Monitor)
- Siemens Healthineers AG (ACUSON Sequoia Ultrasound System, Multix Impact Radiography System)
- Advantech Co., Ltd. (PAX-332 32 Surgical Monitor, PDC-W240 Medical Display)
- NEC Display Solutions (MD302C6 Diagnostic Display, MD212G3 Medical Monitor)
- AsusTek Computer Inc. (ProArt PA32UCX 4K Monitor, ProArt PA27AC HDR Monitor)
- BenQ Corporation (MD310C Diagnostic Display, PD3200U Designer Monitor)
- Dell Technologies Inc. (UltraSharp UP3218K 8K Monitor, UltraSharp U2718Q 4K Monitor)
- HP Inc. (Healthcare Edition HC270cr Clinical Review Monitor, Z27n G2 Display)
- ViewSonic Corporation (VG2448a 24" Monitor, VP3268-4K Professional Monitor)
- JVC Kenwood Corporation (CL-S600 6MP Diagnostic Monitor, MS-S500 5MP Monitor)
- WIDE Corporation (IF2105MP 5MP Diagnostic Display, IF2103MP 3MP Monitor)
- Nanjing Jusha Display Technology Co., Ltd. (C61W 6MP Diagnostic Monitor, M55W 5MP Monitor)
- Shenzhen Beacon Display Technology Co., Ltd. (M550G 5MP Diagnostic Monitor, M320G 3MP Monitor)
- FSN Medical Technologies (FS-P3102D 31 4K Display, FS-L2702D 27 HD Monitor)
- Axiomtek Co., Ltd. (MPC153-834 Medical Panel Computer, MPC240 24 Medical Panel PC)
- Coje Co., Ltd. (CME-261QA 26 Surgical Monitor, CME-191QA 19 Medical Monitor)
- Diva Laboratories, Ltd. (Diva DICOM Viewer, Diva Medical Image Server)
Key Highlights:
- Market Size (2023): USD 2.32 billion
- Forecast (2031): USD 3.53 billion
- CAGR: 5.4% (2024–2031)
- Growth Drivers: Increasing adoption of digital healthcare, rising number of diagnostic imaging procedures, and growing investments in healthcare infrastructure
- Key Segments: Diagnostic, Surgical, and Clinical displays
- End Users: Hospitals, Diagnostic Imaging Centers, and Ambulatory Surgery Centers
- Technological Trends: Advancements in 4K/8K resolution, AI-integrated imaging systems, and OLED displays
Future Outlook:
The future of the medical display market looks promising with rapid digitalization of healthcare systems worldwide. As AI becomes increasingly integrated into medical imaging platforms, the demand for displays capable of rendering complex images with high precision will rise. Furthermore, the growing preference for minimally invasive procedures and real-time visualization tools is expected to open new frontiers for display manufacturers. Emerging economies are likely to present lucrative growth opportunities due to rising healthcare investments and an expanding base of diagnostic service providers.
Conclusion:
The medical display market is at a pivotal point, where innovation, demand for accuracy, and healthcare digitization are driving sustained growth. With continued advancements and increased healthcare expenditure globally, the market is expected to offer substantial returns for manufacturers and stakeholders in the years to come.
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